Fall in US car purchases
Americans nervous about the drumbeat of bad economic news stayed away from auto showrooms and automakers nervous about their bottom lines didn't offer deals to lure them in.
As a result, it was the worst August for US auto sales since 1983, when the country was at the end of a double-dip recession. General Motors, Toyota, Honda and Ford all reported declines from the month before and from a year earlier.
The bleak results were a reminder that, for all the good news about the turnaround of the Detroit automakers, the market for cars and trucks in the United States remains frail. Initial data showed sales came in at about 997,000, down five per cent from July, according to AutoData Corp.